Actions by partnership and partners

Checkout our iOS App for a better way to browser and research.

A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership.

A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to:

  1. Enforce the partner's rights under the partnership agreement;
  2. Enforce the partner's rights under this chapter, including:
  3. Enforce the rights and otherwise protect the interests of the partner, including rights and interests arising independently of the partnership relationship.

The partner's rights under Sections 79-13-401, 79-13-403, or 79-13-404;

The partner's right on dissociation to have the partner's interest in the partnership purchased pursuant to Section 79-13-701 or enforce any other right under Article 6 or 7; or

The partner's right to compel a dissolution and winding up of the partnership business under or enforce any other right under Article 8; or

The accrual of, and any time limitation on, a right of action for a remedy under this section is governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law.


Download our app to see the most-to-date content.